Daniella Turenshine - 06 Oct 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Reporting relationship: Chief Financial Officer
Issuer ticker: FIGS
Reported as of: 06 Oct 2023
Net transaction value: +$7,206
SEC form: 4
Accepted by SEC: 11 Oct 2023, 18:19:11 UTC
Prior SEC filing: 03 Oct 2023
Next SEC filing: 07 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine

Key filing fact

Daniella Turenshine filed Form 4 for FIGS, Inc. (FIGS) on 11 Oct 2023.

Key facts

This page summarizes Daniella Turenshine's Form 4 filing for FIGS, Inc. (FIGS).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 11 Oct 2023, 18:19.

Change

Previous filing in this sequence was filed on 03 Oct 2023.
Current net transaction value: +$7,206.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FIGS transaction

Class A Common Stock

Sale

Transaction value: $25,272
Shares: -4,201
Change %: -1%
Price: $6.02
Shares after: 410,442
Date: 06 Oct 2023
Ownership: Direct
Footnotes: F1, F2

FIGS transaction

Class A Common Stock

Options Exercise

Transaction value: $9,637
Shares: +21,000
Change %: +5.1%
Price: $0.4589^*
Shares after: 431,442
Date: 11 Oct 2023
Ownership: Direct

FIGS transaction

Class A Common Stock

Options Exercise

Transaction value: $22,841
Shares: +28,122
Change %: +6.5%
Price: $0.8122^*
Shares after: 459,564
Date: 11 Oct 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FIGS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -21,000
Change %: -36%
Price: $0.000000
Shares after: 37,131
Date: 11 Oct 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,000
Exercise price: $0.4589
Footnotes: F4

FIGS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -28,122
Change %: -73%
Price: $0.000000
Shares after: 10,317
Date: 11 Oct 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 28,122
Exercise price: $0.8122
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023.

Footnote F2

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F3

All but 140,490 of these securities are Restricted Stock Units, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 570,737 shares of the Issuer's Class A Common Stock underlying vested options (inclusive of those reported in column 9 of Table II).

Footnote F4

All shares underlying this option have vested.

Footnote F5

This option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 26, 2020. 34,683 shares underlying the option have vested.